Standby GDA Account definition

Standby GDA Account means the account to be opened in the name of the Guarantor and maintained with the Standby Account Bank in accordance with and subject to the terms of the Cash Management Agreement, the Standby Guaranteed Deposit Account Contract, the Standby Bank Account Agreement and the Security Agreement or such additional or replacement account as may be in place in accordance with the terms of the foregoing agreements and designated as such;
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Examples of Standby GDA Account in a sentence

  • On each Guarantor Payment Date, the Guarantor or the Cash Manager on its behalf will transfer funds from the GDA Account (or, as applicable, the Standby GDA Account) to the Transaction Account (or, as applicable, the Standby Transaction Account) in accordance with Article 6 (Priorities of Payments) of the Guarantor Agreement.

  • The particle board shall be of high density, equal or superior quality to that laid in the I.S. 3478 and as approved by the Project Manager.

  • The stipulated ratings thresholds are: Role (Current Party)Specific Rating Related Action The following actions are required if the rating of the Cash Manager (Scotiabank) falls below the stipulated ratingMoody's Fitch DBRSCash Manager is required to direct the Servicer to deposit Revenue Receipts and all Principal Receipts received by the Servicer directly into the GDA Account (or Standby GDA Account) within two Toronto business days.

Related to Standby GDA Account

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Credit Account is modified to read “Grant Account”.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Investment Account As defined in Section 3.12(a).

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Holding Account means an account:

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Card Account means the account maintained with the Bank in respect of the Card;

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.